Prevezon's Assets Will Stay Frozen In $230M Tax Fraud Case

Law360, New York (October 23, 2015, 5:13 PM EDT) -- Two companies accused of engaging in an elaborate $230 million Russian tax fraud scheme suffered two defeats Thursday when a New York federal judge refused to free up their frozen assets and allowed the U.S. government to lodge new money laundering claims.

U.S. District Judge Thomas P. Griesa denied a request from Prevezon Soho and Prevezon Alexander to vacate or amend a protective order that restrains $14 million of the allegedly tainted funds, while granting the federal government its request to amend its complaint with new allegations of transporting stolen property, money laundering and other claims related to allegations of fraud...

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Case Information

Case Title

Subscribers Only

Case Number

Subscribers Only

Court

New York Southern

Nature of Suit

Forfeit/Penalty: Other

Judge

Subscribers Only

Date Filed

September 10, 2013

Law Firms

Government Agencies